LIBERIAN SHIPOWNERS COUNCIL LTD

EIN: 237411166

DULLES, VA

Total Revenue
$714,371
Total Expenses
$561,396
Total Assets
$1,304,066
Net Assets
$1,137,487
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
VA
Principal Officer
KIERSTIN DEL VALLE LACHTMAN
Phone
2129733896
Tax Period
2024-01-01 to 2024-12-31

LIBERIAN SHIPOWNERS COUNCIL LTD, founded in 1974, is a small nonprofit that reported $714K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $153K, a strong 21% operating margin.

Mission

TO SERVE AS A CONSULTATIVE ORGANIZATION FOR OWNERS AND OPERATORS OF LIBERIAN FLAG VESSELS AND TO PROMOTE THE MUTUAL INTERESTS OF SUCH OWNERS AND OPERATORS AND THE INTERNATIONAL SHIPPING INDUSTRY BY KEEPING MEMBERS APPRISED OF INDUSTRY DEVELOPMENTS AND BY PARTICIPATING ON BEHALF OF MEMBERS AT APPROPRIATE INTERNATIONAL AND NATIONAL MARINE TRANSPORTATION VENUES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $660,750
Investment Income $53,621
Other Revenue $0
TOTAL REVENUE $714,371

Expense Breakdown

Grants Paid $0
Salaries & Benefits $339,046
Fundraising Expenses $0
Other Expenses $222,350
TOTAL EXPENSES $561,396

Year-over-Year Comparison

2024 2023 Change
Revenue $714,371 $526,613 +0.4%
Expenses $561,396 $422,183 +0.3%
Net Income $152,975 $104,430 +0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
2
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SALVATORE D'AMICO DIRECTOR N/A
Director
$0 $0 $0
CHARLES DARR DIRECTOR N/A
Director
$0 $0 $0
CHRISTOPHER FEE DIRECTOR N/A
Director
$0 $0 $0
ADAMANTIOS M LEMOS CHAIRMAN N/A
Director
$0 $0 $0
TANUJ LUTHRA DIRECTOR N/A
Director
$0 $0 $0
CHARIS PLAKANTONAKI DIRECTOR N/A
Director
$0 $0 $0
IGOR SEGEDA DIRECTOR N/A
Director
$0 $0 $0
SILVIA ZACCHELLO DIRECTOR N/A
Director
$0 $0 $0
KIERSTIN DEL VALLE LACHTMAN SECRETARY GE N/A
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $714,371 $561,396 $1,304,066 $152,975
2023 $526,613 $422,183 $986,233 $104,430
2022 $463,149 $300,512 $901,411 $162,637
2021 $410,153 $277,178 $728,337 $132,975
2020 $344,313 $275,258 $614,804 $69,055
2019 $375,316 $322,525 $528,611 $52,791
2018 $299,892 $301,949 $475,820 $-2,057
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